Intershop Communications AG | Press Release |

Intershop Communications AG: Changes in the Supervisory Board

Jena, December 15, 2010 – The shareholders of Intershop Communications AG appointed a new Supervisory Board member and confirmed the appointment of an existing one at yesterday’s extraordinary general meeting. Dr. Herbert May, previous member of the Board of Management of Deutsche Telekom AG and member of the Supervisory Board of Intershop since October 19, 2010, was confirmed in his position. The shareholders elected Michael Conn, CFO of the Intershop cooperation partner GSI Commerce Solutions, Inc., as a new member of the Supervisory Board. He will take the place of Günter Lorenz, whose membership of the Supervisory Board ceased at the end of the extraordinary general meeting.

At its constituent meeting directly following the extraordinary general meeting, the Supervisory Board elected Dr. May as its Chairman. “I would like to thank the shareholders for the trust they showed in me and will be pleased to take on the challenges this position brings with it. Now we must continue to strengthen Intershop so that we can look towards the future with confidence and use the opportunities provided to us by our partnership with GSI Commerce for the benefit of all shareholders,” commented Dr. Herbert May. 

The resolution regarding point 2 on the agenda on the creation of authorized capital II did not receive the required majority of votes. But the general meeting authorized the acquisition of own shares (point 3 on the agenda).

A total of 100 shareholders and shareholder representatives attended the extraordinary general meeting, corresponding to around 50% of subscribed capital.

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About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Intershop Public Relations

Heide Rausch

Head of Corporate Communication

Phone: +49 3641 50-1000
Fax: +49 3641 50-1309